Best Crypto Exchanges In Thailand For 2024

Bitkub is one of the oldest and the best crypto exchanges in Thailand. Known for offering a simple and user-friendly interface, Bitkub allows Thai traders access over a hundred cryptocurrencies including the major coins like Bitcoin and Ethereum. Plus, Bitkub is also registered with the Thailand Securities and Exchange Commission (SEC), meaning you can trade without the fear of violating local laws.

• Bitkub is regulated by the Thai SEC, ensuring compliance to local laws.
• It offers one of the highest number of cryptocurrencies among local Thai exchanges.
• Bitkub runs via a transparent fee structure.

Orbix is one of Thailand’s oldest and best crypto exchanges. The platform was formerly known as Satang Pro but rebranded to Orbix following an acquisition. Regardless, Orbix is the best crypto exchange for beginners. First, they are regulated by the Thai SEC and you can access over thirty crypto tokens. Although this number pales in comparison to major international exchanges like OKX, it shows that Orbix is more suitable for new traders. Orbix lists a variety of coins including layer1 and layer 2 tokens, ensuring users can diversify their portfolios.

Despite lacking in its crypto offerings, Orbix makes up for it with a robust security infrastructure that adheres to international standards. Deposit is also easy and fast on Orbix. Users can deposit via the Orbix trade app. Does Orbix charge withdrawal fees? This depends on the token involved. You can get all the details about the platform’s fee structure on its website.

• Orbix provides wallet lock, a feature that allows users to securely lock their portfolios anytime.
• It provides real-time notifications on selected coins to help users stay updated without constant monitoring.
• The exchange provides an automated tool that instantly tracks a traders’ profits and losses for each asset.

MEXC is one of the best exchanges that Thai users can trade on. As well as having a global reputation, the exchange tailors its services to cater to Thai users. MEXC is one of the best low-fee cryptocurrency exchange, charging 0% maker fees and 0.02% taker fees. Beyond cheap fees, MEXC is one of the most secure exchanges.

The exchange also offers services such as lending, and staking. On top of it, MEXC offers up to 200x leverage, making it one of the best crypto leverage trading platform. You can also enjoy copy trading and charting tools for technical analysis on the exchange. MEXC makes deposits easy. Users can deposit via their crypto wallets, debit/credit cards, and bank transfers. So, MEXC is the best exchange in Thailand for users interested in trading multiple assets with cheap fees.

• MEXC supports a wide range of cryptocurrencies.
• The exchange provides copy trading, charting tools and lending services.
• MEXC supports multiple deposit methods, making it easier for users to fund their accounts and trade.

Bitazza is one of the best exchanges in Thailand. Established in 2018, the exchange currently supports over 90 cryptocurrencies, including Bitcoin, Avalanche, Shiba Inu, Ethereum, etc. Aside from offering a good number of crypto for trading, Bitazza is also known for providing payment flexibility. There are lots of ways to make deposits, including bank transfers, Visa cards, and crypto. Also, the exchange requires a minimum deposit of 0,001 in BTC and 10$ in USD or USDT to begin trading.

Bitazza uses a tiered KYC system that determines your daily withdrawal limits. For KYC Level 1, users are capped at $90,000 per day, while KYC Level 2 increases this limit significantly to $900,000. At KYC Level 3, users enjoy unlimited daily withdrawals. The platform is also transparent about its fees. Bitazza charges a standard trading fee of 0.15% for makers and 0.25% for takers, with no fees for crypto deposits. However, fiat deposits are only available for amounts of $30,000 or more, making this feature more suitable for high-net-worth users.

• Offers payment flexibility, supporting bank deposits, crypto and Visa cards.
• Supports a wide range of cryptocurrencies, catering to all kinds of traders.

Bybit is a top choice for Thai users, offering advanced features such as spot trading, derivatives trading and copy trading. The exchange supports over 500 crypto assets, allowing users to diversify their portfolios. ByBit, via its TradeGPT tool, provides AI data-driven market analysis, helping traders trade smartly.

Funding your account is pretty easy on Bybit. The exchange supports bank cards, bank transfers, and on-chain crypto deposits. Bybit has a transparent, tiered fee structure. The fees are different for VIP and non-VIP users. Users on a higher VIP level enjoy better trading discounts. Non-VIP users are charged 0.1000% maker and 0.1000% taker fees for spot trading. You can view the full fee structure on the exchange’s website.

• Bybit supports advanced trading tools such as copy trading and AI-driven analysis.
• The crypto exchange operates via a tiered fee structure.
• Bybit supports over 500 cryptocurrencies.

Upbit is one of the crypto exchanges that received a business license from the Thai SEC, giving it a legal presence in Thailand. The platform charges around 0.25% on fees and supports over 150 cryptocurrencies, including both popular and lesser known coins. Upbit also offers round-the-clock market notifications, helping traders stay informed. Upbit’s regulatory backing, friendly interface and transparent fees makes it a good option for Thai users seeking simplicity.

• Supports a wide range of cryptocurrencies, including major coins and emerging tokens.
• Offers real-time price tracking and market analysis tools.
• Provides a secure trading environment with strong compliance and regulatory backing.

Binance is without a doubt, one of the world’s best crypto exchange. Thankfully, Thai users can access the exchange via the Gulf Binance platform. Gulf Binance is one of the 17 licensed exchanges and brokers in Thailand. Using Gulf Binance means you enjoy sufficient liquidity and world-class security. The Gulf Binance platform makes it easy to add funds for trading from your local bank account.

The Binance exchange also offers a mobile app for Android and iOS users, making it easy to trade on the go. Trading on the exchange incurs a standard fee of 0.25%, which is pretty decent. You can trade over a hundred coins, including both the major altcoins and budding names. Plus, Gulf Binance allows Thai users to buy and sell crypto using baht pairs. Furthermore, the Gulf Binance exchange provides price alert features, notifying users of changes in the market, as well as a portfolio tracking tool. Like the main Binance exchange, Gulf Binance provides ease of trading, which ranks it as one the best crypto exchanges in Thailand. 

• The exchange provides a portfolio tracking tool to help users monitor the performance of their assets.
• Gulf Binance provides frequent price alerts, ensuring users are informed of changes in the market.
• The exchange is regulated by the Thai SEC.

Bitget stands out for its innovative copy trading services, a feature that allows traders to copy the trading strategies of other traders. As one of the most user-friendly exchanges in Thailand, Bitget also boasts a legal presence in Thailand, reinforcing its credibility. Plus, security is a big deal on Bitget. The exchange goes through regular security audits and incorporates measures like multi-signature wallets. This makes Bitget one of the best copy trading platform and also the best crypto exchange for day traders. 

With support for over 150 cryptocurrencies, Bitget offers one of the most extensive selections in Thailand, catering to all kinds of traders. Bitget also shines in affordability. Its tiered fee structure keeps cost low, with fees averaging around 0.1%. This competitive pricing makes Bitget one of the best crypto exchanges in Thailand.

• Bitget offers multiple products such as copy trading, futures trading, catering to advanced users.
• It provides a wallet for safe storage of assets.
• Bitget offers one of the lowest fees among Thai exchanges.

There are several factors to consider before using an exchange in Thailand. Here are some basic considerations;

Security measures

Ensure the exchange uses strong security msytems to protect your funds. Look out for exchanges that incorporate 2-factor authentication and cold storage for assets. Also, exchanges with regular security audits and a proven record of safety should be your priority.

Supported cryptocurrencies

Exchanges like Bybit, Gulf Binance and Bitget are popular in Thailand for their wide asset coverage. Always use exchanges that offer a wide selection that caters to your trading needs. Also pay attention to platforms that offer extra features like staking, copy trading and more.

Fees and charges

Compare the fee structure of different exchanges, and focus on platforms with transparent and pocket-friendly rates. Ensure the exchange clearly spells out its trading, deposit and withdrawal fees. Prioritizing exchanges with low fees can help maximize your profits, especially for regular traders. 

Regulatory compliance

Thailand takes compliance seriously, and has previously suspended platforms deemed illegal. So, always check for compliance before using an exchange. Ensure the platform is regulated by Thai authorities and complies with local demands. 

Supported payment methods

Exchanges with multiple payment methods make it easier to deposit and withdraw your funds. Always prioritize exchanges that support methods like bank transfer, card payment, QR code payments, cash deposits, and crypto deposits. Access to multiple payment options can make trading more convenient for users. 

Thailand has clear policies for cryptocurrencies. The industry falls under the purview of the Thai SEC, which oversees ICOs, crypto exchanges and other related activities. Furthermore, the Bank of Thailand (BOT) helps to prevent money laundering by supervising crypto transactions. 

In 2018, Thailand passed the Digital Asset Act, which established a legal framework for cryptocurrency exchanges, ICOs, and digital asset businesses.The law requires crypto exchanges to implement sufficient anti-money laundering measures and KYC procedures. This helps to prevent the use of these platforms for financial frauds. The Thai SEC banned the use of crypto as payment for goods in 2022 due to concerns about financial stability. Generally, Thailand’s regulatory landscape encourages crypto activities and also prioritizes user safety. 

Crypto Taxes in Thailand

Thailand’s Revenue Department oversees crypto taxes. Earnings made from mining, trading or receiving crypto as payment are to be reported in the annual tax income since they are recognized as accessible income. Generally, tax rates depend on the income level of the users. It’s important for Thai users to stay updated about the country’s evolving tax policies and consult tax professionals to ensure they comply with tax demands.